A Meta Study of Hedonic Pricing Models on Housing

In this paper four factors, housing attributes, neighbourhood characteristics, recreational factors and accessibility to retail and work, related to house prices are analysed. For each factor the most important papers are discussed and this results in an overview of how the literature has developed over the years. Comparing all the results of each paper, it seems that all four factors are mostly positively related to house prices, except for crime in the neighbourhood. There also seems to exist two periods in which different factors have been written about hedonic pricing models related to house prices. The first period is from 1970-1985 and focusses mainly on housing attributes related to house prices. While later research, after 1985, mostly focusses on location specific factors.